Construction Loan Period definition

Construction Loan Period means the period commencing as of the date of this Agreement and ending on the initial Expiration Date, which for purposes of clarification excludes the Mini Perm Loan Period and Mini Perm Loan Extension Period, if applicable.
Sample 1Sample 2
Construction Loan Period. The term of the Loan commencing on the date hereof and ending on the Conversion Date.
Sample 1
Construction Loan Period means the period commencing from the date of this Note until , 20 , which period shall include three months for cost certification. [based on the construction contract schedule plus 3 months]
Sample 1

Examples of Construction Loan Period in a sentence

  • During the Construction Loan Period, Debtor shall pay interest-only as accrued on the principal balance in installments on the first day of the month beginning May 1, 2015 (each such day, a “Payment Date”).

  • Upon expiration of the Construction Loan Period, the Construction Loan will, subject to satisfaction of the conditions precedent set forth in Section 4.1, be converted to a permanent loan.

  • Respect We will promote a spirit of mutual openness, listening to and actively involving people in the production of local development documents.We will acknowledge personal choice by respecting the right both to not get involved and to choose the level of involvement that individuals have.We will ensure that all communications are jargon-free and use plain English.

  • In its sole discretion, Lender may (but is not obligated to) make further disbursements after expiration of the Construction Loan Period (for example, to pay construction liens or otherwise for the protection of its collateral for the Loan), and all such disbursements will be deemed advances and added to the balance of the Loan.

  • Xxxxxxxx fails to diligently pursue the Project during the Construction Loan Period, including the lease-up.

  • During the Construction Loan Period, no interest will accrue on the Loan other than on amounts past due.

  • During the Construction Loan Period, interest will be at the rate of 0% per annum on sums advanced and no payments will be required.

  • IV C, we extract the topological entanglement entropy as plotted in Fig.

  • A change order that materially affects the Project is a change order that (i) with respect to a single change order, results in an increase or decrease in the cost of constructing the Project of more than $50,000, or (ii) with respect to all changes orders in the aggregate accepted within the Construction Loan Period, result in an increase or decrease in the cost of constructing the Project of more than $150,000, or (iii) that extends the schedule of the Project.

  • Upon written request by Borrower and with the prior written consent of Lender, the Construction Loan Period may be extended for two, three-month periods upon written request.


More Definitions of Construction Loan Period

Construction Loan Period means that period of time commencing on the date of the Mortgage Loan Notes and ending on the earlier of completion of construction or one (I) year from the date of the Mortgage Loan Notes, during which the Administrative Agent and the Lenders may advance funds to the Mortgage Loan Borrower pursuant to this Agreement (including the Construction Loan Addendum) and the other Credit Documents.
Sample 1
Construction Loan Period means the period from the date of this Note to, but not including the Conversion Date, during which the Bank is advancing sums to Borrower pursuant to the Loan Agreement.
Sample 1
Construction Loan Period. The period commencing on the date of this agreement and ending on the earlier of (i) December 31, 1999, or (ii) the date on which a permanent Certificate of Occupancy is issued for the Improvements.
Sample 1
Construction Loan Period means sixteen (16) months after the Closing (or, at Borrower’s written election, may mature earlier if the Conversion Conditions have been achieved).
Sample 1
Construction Loan Period means the period beginning on the Effective Date and ending on December 31, 20 , which may be extended for two periods of three months each with Xxxxxx’s prior written approval.
Sample 1

Related to Construction Loan Period

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Construction Lender means a person who makes a construction loan.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Equipment Advance is defined in Section 2.1.1.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Project Preparation Advance means the project preparation advance granted by the Association to the Borrower pursuant to an exchange of letters dated April 28, 1994 and May 21, 1994 between the Borrower and the Association;

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Credit allowance date means with respect to any qualified equity investment:

  • Initial Advance means the first Advance made pursuant to Article II.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.